5 Passive Income Streams That Get Results Fast

If you're looking to establish recurring income without having to do the same work over and over to get it, passive income streams are what you're looking for. Passive income streams are a lot easier to create these days because of the massive growth of the internet.

If you are looking to be an entrepreneur instead of trading time for wages in a regular job, passive income, in many peoples' opinion is the absolute best way to get the balance of time and money that everyone dreams of.

What Is Passive Income?

It's basically when you do the work once and get paid consistently over a very long period of time. I'm not saying you just work one day and then you're set for life, but you can work just a couple of hours a day and have recurring income coming in 24 hours a day, even while you sleep.

Sounds pretty awesome doesn't it? Now, I bet you're wondering how you could actually pull this off in the quickest way possible…

5 Passive Income Streams That Get Results Fast

1. Affiliate Marketing

One of the many ways to leverage the internet's power to make a career for yourself is to learn affiliate marketing. Affiliate marketing is great for beginning entrepreneurs or even established ones that don't want to go through the process of trying to create a product.

With sites like Clickbank, you can browse through different products people have created, and if you find a good one, you can get a referral link to market it and earn commissions. In other words, every time someone buys the product after finding it through your referral link, you get paid a commission.

This way, you can make money online just by getting eyeballs on different products that you didn't even have to create. They do all the selling and product creation, and all you have to do is introduce it to as many people as possible.

2. Network Marketing

Network marketing is actually one of the most popular passive income streams on the internet to start. It usually has a fairly low investment and pretty high return, as long as you do it right. But, you have to do your research before you join a company.

It's a lot like affiliate marketing because you have products to sell for commissions that the company provides, but there's also the income that comes in from recruiting as well. You not only sell products, but when others like you and the company, they can join your team and you make money off their membership and sales as well.

When looking for a company, make sure it is going with a popular trend, has great products in demand, people are already making a lot of money in the company, and the leadership, corporate staff, etc. are reliable.

3. Amazon

Another great thing about the internet is you have huge marketplaces like Amazon that allow anyone to have a chance to sell products on for passive income. Right now, I want to focus on selling ebooks on there. Why am I focusing on just ebooks?

We are apart of an information age where the internet is the king of answering questions and solving peoples' problems. Ebooks are digital (so you don't need to worry about shipping or handling), and they give higher level information to people who want it.

Anyone can write an ebook because every single person knows more about certain subjects than most others in the world. If you make some informative ebooks, you can sell them in kindle edition on Amazon's website and earn passive sales on them. Because they are digital books, you can sell unlimited copies when you're not even working.

4. Affiliate Product Development

Another great way to earn passive income is to create products for others to sell for you. I mentioned earlier that Clickbank is a great place to make commissions from marketing peoples' products, but then there's also the other side of it for vendors who make products.

If you aren't interested in marketing and are also creating stuff or know a lot about certain things, you can create a digital product on Clickbank and then pay affiliates commissions to market the product for you.

If you can create one or two really good, quality products, you could just sit back and let the affiliates do the rest of the work for you while you collect the sales. As a product creator, this definitely beats hiring marketers or others to do campaigns while paying them by the hour.

You only pay affiliates when they get the sales, so everybody wins.

5. Blogging

A lot of people blog for hobbies and don't even realize how profitable it can really be. With a good blog, you can sell your own products, services, sales space, monetize it for Adwords, add your affiliate links, and more. You could even build them up and sell them high to new companies that want a quick start.

Every time you write a blog post and publish it, it is on the internet forever unless you take it off. That means, if you publish quality content that ranks in search engines and have good offers on your site for visitors, each post could make you passive income until the end of time.

Imagine if you did a post every other day. If you do it right you could retire in just a few years after starting it. Blog daily, tell others, get money… as some bloggers say.

Conclusion

If you are looking to find that perfect balance of time and money without dealing with shipping, product handling, employees, merchandise, lease space, etc., then you want to take these 5 best online passive income streams and figure out which ones are best for you to master.

Which passive income stream sounds best to you?